Garibaldi Broadens Nickel Mountain System

- December 7th, 2018

The 2018 program produced 11,573 meters of drill core, more than three times last year’s meterage.

Garibaldi Resources (TSXV:GGI) has announced the successful completion of the first full season of drilling at the company’s Nickel Mountain project in the heart of the Eskay Camp, what the company calls the Golden Triangle’s first nickel-copper-cobalt-platinum-palladium-gold-silver magmatic massive sulfide system.

The 2018 program produced 11,573 meters of drill core, more than three times last year’s meterage.

President and CEO of Garibaldi Resources Steve Regoci said:

“Not only have we made important progress in expanding the footprint of this nickel-copper-rich mineralization, but our geological understanding of this unique Eskay Camp system – from the configuration of the intrusion to the controls on mineralization – has advanced dramatically over last year. We’ll enter 2019 with working capital of approximately C$15 million which puts us in a highly favorable position to take Nickel Mountain to the next level and fully leverage this asset for shareholders.”

The company said that assay results for 10 drill holes from this year’s program have been reported by the company and complete results are pending for an additional 22 holes which will be released in batches as soon as they are received, reviewed and interpreted.

Click here to read the full Garibaldi Resources (TSXV:GGI) press release.

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